At a 4.5% benchmark interest rate, economic growth will start to suffer, hedge fund guru says.
Class action lawsuit claims firm loaded its retirement plan with high-fee, underperforming proprietary funds.
Join CIO on September 20 for a conversation with San Bernardino County Employees’ Retirement Association’s CIO Donald Pierce. He’ll discuss the decision to move out of international and emerging markets stocks and more into U.S. equities, how the fund is managing global and domestic fixed income in a time of rising interest rates and inflation, and much more. Register today.
As inflation rises, bank deposits fall by nearly $370 billion in the second quarter—the largest decline in 20 years.
Letter criticizes short-term thinking that ‘imposes an ideological screen on an investment manager’s ability.’